Oil and gas support services provider Steel Hawk Bhd aims to raise RM3.2mil from a listing on the LEAP Market of Bursa Malaysia to fund its expansion plans.
In a statement issued in conjunction with the launch of its information memorandum, the group said the listing exercise involves the placement of 16 million shares or 10% of its enlarged issued share capital to selected sophisticated investors at 20 sen per share.
The proceeds of the listing will go towards its growth strategy, among which includes the setting up of two fire-rated door assembly line and the construction of a mud cooler system.